Musk suggests Tesla has 200,000 orders for Cybertruck

Lifted Tesla Cybertruck Looks Like a Stealth Hammer

Tesla Books 146K Preorders For Controversial Cybertruck Potentially Worth $8 Billion

Tesla has said the "Cybertruck," which starts at $39,900, will be in production in 2021.

Shares of the electric-vehicle maker were up as much as 5% in early trading Monday after Elon Musk tweeted Sunday that 200,000 people had pre-ordered the electric pickup.

Musk, who has been regularly tweeting about the Cybertruck's features since its launch late Thursday, has also been updating his followers with the number of orders the company has received.

Tesla opened preorders immediately, however, and allowed potential buyers to book the truck by depositing just $100, compared to the $1,000 Tesla charged for booking Model 3 sedans in 2016, drawing the flood of reservations and sending the company's shares back up on Monday.

Even with Model 3's bigger deposit there was high churn, Roth Capital analyst Craig Irwin said. If we don't have a pick-up truck, we can't solve it.

Watch Tesla trade live on Markets Insider.

At the launch, Musk had taken aim at the design, power and durability of mainstream trucks, only to be shaken when the windows of Tesla's new vehicle shattered while being tested.

His Twitter site shows a video of a Cybertruck pulling Ford's top-selling F-150 uphill backwards - with ITS engine at full-throttle forward.

The billionaire has always been using his 30 million Twitter following as a platform to sell Tesla's vehicles but landed in trouble previous year when he tweeted he would be taking Tesla private before later withdrawing the statement. Musk responded to Adib's comment to confirm this theory saying, "Yup".

When Tesla unveiled its new pickup truck last Wednesday, many critics blasted it as ugly and impractical. The Cybertruck is a futuristic take on a traditional vehicle, with an angular body made of thick stainless steel.

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